Land For Sale - 438 Rickard Rd, Clarington, Ontario L1C 3K5

location_on 438 Rickard Rd, Clarington

Land

438 Rickard Rd

Clarington, Ontario L1C 3K5

$6,900,000

For Sale

Property Information

These 20.6 acres are designated “Employment Lands” in the Region of Durham 2023 Official Plan, as ratified by the Province of Ontario on Sept 3, 2024. The property has 1,273 feet frontage on north side of Highway 401 immediately west of Highway 35/115 Interchange. This location provides easy access toHwy 2, Hwy 401 & Hwy 35/115. Well maintained farmhouse (duplex) and outbuildings (see photos). MPAC Assessment states “Code 221 – Farm with residence – with commercial/industrial operation”. Seller projects $183,000 net income (2024) from multiple revenue streams: a) long term lease with communication tower company, b) well established recreational vehicle storage business (since 1996 – see aerial views), c) municipal certified legal non-conforming residential duplex-farmhouse, d) 12 KVW Micro Fit Producer. See details of projected 2024 revenue/expense report in attachments (Schedule B). Buyer responsible for completing own due diligence. See MLS Listing for additional files. Seller will consider VTB.

Basic Details
Property Type : Land
Listing Type : For Sale
Listing ID : E11885731
Price : $6,900,000
Year Built : 0
Lot Area : 0 Sqft
Status : A
Days On Market : 1
Address
Postal Code : L1C 3K5
City : Clarington
Street : Rickard
Street Number : 438
Street Suffix : Rd
Floor Number : 0
Longitude : W79° 21' 57.8''
Latitude : N43° 54' 11.5''
Brokerage
Office Name : ROYAL SERVICE REAL ESTATE INC.
Extra Information
Area : Durham
living_area : 0
living_area_unit : Sqft
Community : Rural Clarington
Lease : Sale
Tax Year : 2023

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438 Rickard Rd Clarington, Ontario L1C 3K5